One of the biggest Bitcoin whales of all time suddenly pulled a huge ten-digit BTC purse from their wallet as the leading coin was hovering around $ 56,900.
One of the biggest Bitcoin whales of all time is on the move!
According to the blockchain tracker Bitcoin Block Bot, an unknown organization repositioned 40,913 BTC worth $ 2.2 billion for just $ 19.67 during the transaction. The whale moved 900 Bitcoins into a single wallet with 60 transaction history. A second wallet with just two transactions in total collected 40,013 BTC.
BitInforCharts reveals that the giant whale behind the transfer created its BTC wallet on February 27 and is the 16th richest address in the market. The relevant addresses have no known connection with a company that invests in or works in the crypto space. Also, Bitcoin has not moved to any known address that can be bought and sold on the open market and owned by crypto exchanges.
Glassnode: The latest BTC correction massively shook new investors!
Whaling moves come days after on-chain analytics firm Glassnode said that the old, stronger hands “remain strong” while the latest Bitcoin fix has largely shaken new owners. The famous research company makes the following statement on the subject:
Coins older than a month appear to represent a very small and decreasing proportion of the total transaction flow. Conversely, there was an increase in the number of young cryptocurrencies spent (<1 week) towards the end of the week, indicating that new entrants were shaken during the correction.